Corporate News: Page 6
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Courtesy of Timberlab
Swinerton-owned Timberlab acquires glulam manufacturer
The mass timber subsidiary will take over operations of two factories in Oregon.
By Matthew Thibault • May 29, 2024 -
Courtesy of Balfour Beatty
Contractors announce hirings, promotions this spring
Some of the most noteworthy moves at top construction firms include several CFO changes and a new president for a Chicago-based contractor.
By Construction Dive Staff • May 24, 2024 -
Courtesy of McHugh Construction
Executive MovesChicago-based McHugh taps Lendlease vet as president
Kinjal Patel will take the reins at the 127-year-old firm after spending nearly two decades with the Australian contractor.
By Matthew Thibault • May 23, 2024 -
Courtesy of Turner
Public-private jobs drive Gilbane’s revenue higher
The Providence, Rhode Island-based construction giant saw sales jump 12% on the back of strong P3 activity and several billion-dollar projects.
By Matthew Thibault • May 21, 2024 -
Courtesy of Miami-Dade County Water and Sewer Department
Executive MovesJacobs taps semiconductor vet as CFO in abrupt leadership change
Venk Nathamuni will succeed interim Kevin Berryman, who stepped in after Claudia Jaramillo left the job just eight months into the role.
By Sebastian Obando • May 20, 2024 -
Courtesy of Granite Construction
Executive MovesGranite CFO announces retirement
Lisa Curtis, a steadying presence during the company’s turnaround, will step away in September, when Chief Accounting Officer Staci Woolsey will take over the role.
By Joe Bousquin • May 16, 2024 -
Courtesy of Meta
5 contech firms announce funding in 2024’s first half
Drone-powered roof inspections, cloud-based estimating solutions and fungi-fueled recycling tech earned venture capital in recent months.
By Matthew Thibault • May 15, 2024 -
Spencer Platt via Getty Images
Earnings roundup: Data centers, water projects dominate public contractors’ focus
On the latest round of earnings calls, some of the country’s largest commercial builders talked about the boom in computing facilities and the increased need for resilience in public works.
By Construction Dive Staff • May 15, 2024 -
Courtesy of Balfour Beatty
Executive Moves
Balfour Beatty names leads for Carolinas, California divisions
Jeff Sandeen took the reins in Charlotte this month, while Emily Kay will run the firm’s Golden State shop beginning in January 2025.
By Matthew Thibault • May 14, 2024 -
Courtesy of Skanska USA
Skanska steps back from risky builds
After costs from a U.K. project hurt the Swedish company’s Q1 earnings report, CEO Anders Danielsson said the company won’t be taking on similarly exposed projects.
By Zachary Phillips • May 10, 2024 -
rabbit75_ist/iStock/Getty Images Plus via Getty Images
WSP continues M&A streak, snatches up 4 more firms
While signaling it plans to stay acquisitive, the firm also expects more PFAS work as a result of new EPA regulations, the Montreal-based contractor said in its Q1 earnings call.
By Julie Strupp • May 10, 2024 -
Drew Angerer via Getty Images
AECOM leans into water, climate, project management
The Dallas-based firm sees global shifts in infrastructure funding toward sustainability and resilience, CEO Troy Rudd said in a Q2 earnings call.
By Julie Strupp • May 9, 2024 -
Courtesy of Amtrak
Jacobs bullish on transportation, water, energy work
Bob Pragada, chief of the Dallas-based contractor, also hinted at more news in the semiconductor and data center space coming in the second half of 2024.
By Sebastian Obando • May 8, 2024 -
Courtesy of Granite Construction
Granite Construction is on the hunt for more M&A
The California-based roadbuilder has been able to increase prices for the materials it sells to other builders and wants to snap up more aggregate suppliers, it said on its latest earnings call.
By Joe Bousquin • May 3, 2024 -
Courtesy of Google
Indiana snares $2B Google data center campus
Following an $11 billion announcement from Amazon last week, the Hoosier State is quickly racking up a slew of new computing facility wins.
By Joe Bousquin • April 30, 2024 -
Courtesy of Tutor Perini
Tutor Perini sees shift to owner financing on megaprojects
The GC has been able to demand upfront payment on billion-dollar jobs, as competition for large, complex builds has waned, CEO Ron Tutor said on the firm’s first quarter earnings call.
By Joe Bousquin • April 29, 2024 -
Permission granted by Miami in Focus
Executive MovesSuffolk adds 2 to executive leadership team
Peter Gasparini and Chris Mills will join the tech-forward contractor as executive vice presidents of national operations and business development, respectively.
By Matthew Thibault • April 24, 2024 -
Charley Gallay/Stringer via Getty Images
Disneyland gets initial nod for $1.9B investment
Anaheim City Council gave preliminary approval to a 10-year plan that would create 7,800 construction jobs, according to the California governor’s office.
By Joe Bousquin • April 22, 2024 -
Permission granted by Lendlease
Q&ASuccessful healthcare projects are built on collaboration, Lendlease exec says
The youngest project executive in the firm’s New York City office talks about the special challenges of complex medical projects as well as the importance of multitasking and delegation.
By Jennifer Goodman • April 17, 2024 -
xavierarnau via Getty Images
Skender hit by ransomware attack
The Chicago-based builder disclosed the breach, which affected 1,067 people, in a filing with the Maine Attorney General’s office on April 5.
By Matthew Thibault • April 10, 2024 -
Permission granted by Related Midwest
Project MilestonesRelated Group starts $500M tower on Chicago waterfront
400 Lake Shore will replace the abandoned Chicago Spire project with two residential buildings and a new public park.
By Mary Salmonsen • April 8, 2024 -
Courtesy of Baltimore Ravens
Executive MovesGilbane promotes exec to Mid-Atlantic region lead
Industry veteran Ted Holt helped the contractor become the second-largest builder in the Baltimore region.
By Matthew Thibault • April 8, 2024 -
Courtesy of Autodesk
Autodesk to audit financial practices, delay annual report
The contech giant said it doesn’t believe that the investigated areas will affect any previously issued financial statements, or its most recent earnings release.
By Matthew Thibault • April 5, 2024 -
Courtesy of Forte Construction Corp.
New York GC opens new headquarters
Forte Construction’s Long Island office, spanning 30,000 square feet, underwent significant upgrades including a complete interior renovation and exterior enhancements.
By Sebastian Obando • April 5, 2024 -
Courtesy of Austin Independent School District
Executive MovesJacobs CFO steps down after 8 months on the job
The Dallas-based company brought back former CFO Kevin Berryman on an interim basis, as Claudia Jaramillo leaves to pursue other opportunities.
By Sebastian Obando • April 2, 2024
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